Deal on pan-European supervisors is in reach, Barnier says

07/14/2010 | Reuters · Wall Street Journal, The

EU officials failed to reach an agreement on the creation of three pan-European agencies to oversee banks, insurers and markets. "We are getting closer to the finish line, but there is still some way to go," said Michel Barnier, internal-market commissioner for the EU. "A dynamic and balanced deal is now in reach." Talks are expected to restart at the end of August or in early September, said a source at the European Parliament.

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Reuters · Wall Street Journal, The

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